Sonic R. System

Looky here! The BMs suddenly spiked the price. They are milking the cheque before the US open, triggering wrong side long orders and hitting stops on right side shorts, getting all that liquidity for themselves, to get their additional short orders filled at the highs, before the US BMs come to the table. Greedy, greedy. Wonder if this will become a contest between the BMs, see who can pump it the furthest and get the most "longs" to take the bait!

Could be nice shorting opportunity setting up.... A good example of Distribution following Mark-up, and leading to Mark-down. (Wyckoff - same cycle as for a used car dealership! )

"Pump & Dump" and "Torpedo & Buy".

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AJ: As Master Sonicdeejay might say, "Told cha!" There is no telling what price will do in the remaining hours today, but there does exist the distinct possibility that all YEN pairs might see a gap-down when the market re-opens next week. And today the BMs might be loading up on shorts on the YEN pairs in order to more fully exploit and profit. So, even though the price looks to be dropping, the US open BMs might pump it back up for their own pleasurable shorting.

On reducing volume, the BMs are maneuvering the price back up towards the whole number area for the US open. This could turn out to be another short, though it might be best to see if the US BMs also pump the price to enhance their shorting opportunity.

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EU Comment:

London mkt. BMs almost got the price to the whole number, then sold off again taking the price right back down before the US open. The US open BMs sneared at that and promptly took the price right back up! This time, thru the whole number and beyond! Now, the question is, are there enough "long" suckers in the market today to enable the US BMs to keep shorting up there?

I mean, somebody has to take the "long" side of every short the BMs make today, right? (We are supposed to trust that is the case.)

GU: Entered short. There is a very large PA wave with a sudden pullback during the leg#3 run down. The pullback is into the 89 sma area and the FR 38% area, a reasonable pullback area for the BMs that want to reset prices high for another round of shorting. There was 50%+ more volume during the sell-off move down than during the pump back up that reset the price high again. And once the BMs had the price reset high, the rest of the volume was negotiated in a very tight range. So the BMs are simply manipulating the price here (Pump & Dumps) for their...

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GU: Entered additional trade short. This went against me Friday with mental SL. Still looks bearish to me. Original TP1 is now tentative.